Update: The list of top home sales provided by CVRMLS did not include a June 30 condo sale that turned out to be the priciest residential transaction for the month. That sale, 512 Libbie Ave. unit 7, is highlighted in this story.
The former home of a prominent Richmond business executive went to new owners last week in a transaction that topped area home sales in June, edging out another seven-figure sale of a nearly century-old property in Windsor Farms.
The 9,000-square-foot colonial-style house at 201 Cyril Lane in Henrico’s Mooreland Farms sold June 29 for $2 million, above its April list price of $1.8 million.
The 0.6-acre property was sold with an adjoining buildable lot where the home’s tennis court is located. The two parcels were offered for sale individually but marketed together with a combined asking price of $2.1 million, said listing agent Nina Newton with Long & Foster.
A county assessment most recently valued the combined property at just over $1.5 million.
Newton said the home went under contract within days of its listing April 2 to a local couple with children. They were represented in the deal by Debbie Gibbs of The Steele Group | Sotheby’s International Realty.
The buyers could not be identified via online county property records, which as of Tuesday had not been updated to reflect the transaction.
The sellers were Edward and Roberta Douma, who purchased the home in 2007 for $1.95 million. Previous owners include venture capitalist James Wheat III and Richard and Sherry Sharp, who had the house built in the mid-1980s. Richard Sharp is the late Circuit City CEO and CarMax founder.
Newton said a job change is prompting the Doumas to relocate to Washington, D.C. Edward Douma is a partner at Hunton Andrews Kurth. Roberta Douma is a former executive with Virginia Community Capital, CarMax and Capital One.
Totaling six bedrooms, five full bathrooms and four half-baths, the two-story house and property includes a finished basement, swimming pool and the tennis court. Newton said its location and proximity to nearby Collegiate School added to the demand she received for the home.
“There are plenty of larger homes in Mooreland Farms but there’s not a lot that get on the market,” she said.
The month’s second-highest sale was 1215 Rothesay Circle, a 6,000-square-foot Mediterranean-style house that sold June 22 for $1.62 million, below its latest asking price of $1.89 million and its initial list price of $2.6 million last September.
The 1.6-acre property, which includes an adjacent vacant lot, most recently was valued in a city assessment at $2.48 million.
Richmond property records list the buyers as Tjitse and Elizabeth de Wolff, who put their home in Glen Allen on the market in May. That house, totaling 6,400 square feet on 5 acres at 12610 Lizfield Way, is listed for $1.88 million.
Tjitse “Theo” de Wolff is a co-founder and principal of Henrico-based Virginia Solar. His other businesses include investment services firm Robcar Investments.
The de Wolffs were represented in the Rothesay Circle deal by Kim Condyles with The Steele Group | Sotheby’s International Real Estate. Condyles and Gibbs are co-listing the de Wolffs’ Lizfield Way home.
Gibbs and Steele Group colleague Katherine Hill represented the Rothesay Circle sellers, Mark and Mary Gambill, who are downsizing to one of the four Chadwick on Grove condos they developed in the Libbie and Grove area.
The Gambills initially listed the house last September with Re/Max Commercial. The Steele Group picked up the listing in February, relisting it at $1.99 million before reducing the price to $1.89 million in April.
Condyles said that latest price reduction, along with the property’s architecture and privacy, appealed to her clients.
“They were looking on Monument Avenue but wanted more of a European feel, and this house fit the bill,” Condyles said.
Built in 1925 and designed by architect Otis Asbury, the house includes a two-story entrance hall, rope wood trim and numerous French doors. The 1.6-acre property, which includes an adjoining vacant lot, also contains a guest house, swimming pool and gardens designed by landscape architect Charles Gillette.
The six-bedroom house with four full bathrooms and two half-baths is just down the street from the 10,000-square-foot Rothesay mansion, which topped February home sales at $3.7 million.
Rounding out the top five home sales for June, according to the Central Virginia Regional Multiple Listing Service:
1812 Monument Ave., Richmond – $1.53 million
3621 Old Gun Road West, Chesterfield – $1.45 million
204 Ampthill Road, Wilton, Richmond – $1.39 million